No way I’d go under contract without $500-1000 option fee (on a small SFH) and at least 5-10k on a multiFYI I’m a Cali guy buying in Texas (Houston).

I don't know exactly how they operate, if I have to pay them a fee or as someone told me, the banks pay them.

3) Is there a usual or standard amount/percentage for the Option Fee, rent credits, and any other fees/charges?

Then hope they don't raise the HOA fees on you.

Our commission is 5% on average just that alone would have been around 8k not to mention title fees etc?

It is common that when we purchase a property that is in a community that has a HOA that I am responsible for up to six months in the rears of HOA fees.

Keep in mind of all fees and holding cost related to the transaction. 

Both the legal and tax sides need to be considered.Are you going to charge arms-length management fees from LLC B to LLC A? 

I just bought two duplexes in Cleveland and will have work done to them, there will be many expenses I have for 2018 as I just started an LLC and besides rehab, and tons of fees, I will also have spent deductions on learning, travel as well. 

@Mike McCarthy, I see that cozy requires a 2.75% fee when tenants pay with either a credit or debit card.